Grayscale announced that they had filed additional trusts to become reporting companies.  This is another step to becoming an ETF.

Reporting company is a company that issues publicly-traded securities and is subject to specific requirements about publicly reporting its earnings and other business information.

Publicly Traded Securities refer to securities of a class listed on a national securities exchange or quoted on the NASDAQ national market system in the United States or publicly traded on any foreign stock exchange or other foreign markets.

Publicly traded companies, also known as public companies, have sold their shares on a public stock exchange through an initial public offering to the general public. This permits anyone to purchase or sell ownership shares of the company.

A “national securities exchange” is a securities exchange registered with the SEC under Section 6 of the Securities Exchange Act of 1934.

An exchange-traded fund (ETF) is a basket of securities trading on an exchange, just like a stock.

All of these mean that Grayscale is getting to be more reliable and regulated to be more acceptable in the eyes of the public, investors, and regulators.

The Grayscale product offerings cover some of the largest cryptocurrencies by market capitalization using familiar investment product structures.

Their investment products provide for Basic Attention Token Trust, Bitcoin Trust, Bitcoin Cash Trust, Chainlink Trust, Decentraland Trust, Ethereum Trust, Ethereum Classic Trust, Filecoin Trust, Horizen Trust, and a range of other crypto assets in the trust. Also, it includes Litecoin, Liverpeer, Stellar Lumens, Zcash, and Digital Large Cap Fund.

They work with a Digital Large Cap Fund Methodology for their investments.  Their custodian supports the assets they offer; it does not raise regulatory concerns as they operate in compliance with regulatory guidance; does not have security vulnerabilities; eligible for trading by authorized participants; assets are sufficiently liquid to construct a robust reference rate using eligible exchanges.

By the current construction, the fund maintains a market capitalization portfolio weighted by Bitcoin, Ethereum, Bitcoin Cash, Chainlink, and Litecoin.  Thus covers nearly 70% of the market.

They are evolving to be the most prominent digital currency asset manager by their family of investment products.  Investors will gain access and exposure to the digital asset in the form of a “traditional security” without having to go through the challenges of buying, storing, and safekeeping digital currencies directly.

All the products work within the regulatory framework, thereby creating exposure for investors securely and compliant.